Detroit Development Projects, Real Estate Investments Are Booming In 2013

Detroit Development Projects, Real Estate Investments Are Booming In 2013

June 6, 2013 by · Leave a Comment 

Midtown has arguably become Detroit’s most successful — and talked about — district for new commercial and real estate ventures. Mixed-use projects like The Auburn apartments and Willys Overland Lofts are filling their ground floors with new retail ventures, and new construction is ramping up at sites like the former Stone Pool Park, slated to […]

Housing Markets That Will Be Strongest by 2014

Housing Markets That Will Be Strongest by 2014

August 10, 2010 by · Leave a Comment 

By Venessa Wong, Bloomberg Businessweek Aug 4, 2010 Where will prices rebound most by state? A housing market rebound seems tenuous following the expiration of the home buyer tax credit, and consumer confidence remains weak due to lackluster employment, but David Stiff, chief economist at Fiserv, says the bottom is near. Home prices in the […]

60 Minutes Episode: Mortgages Walking Away

60 Minutes Episode: Mortgages Walking Away

May 14, 2010 by · Leave a Comment 

It’s estimated that one million Americans walked away from homes “underwater” or worth less than their mortgages even though they could afford the payments. Morley Safer reports on this trend, called strategic default, that threatens the economic recovery. Extra: Are Mortgage Walkaways Going Viral? Extra: YouWalkAway.com Extra: The Case For Walking Away From Your Mortgage […]

Bank offers mortgage relief

March 27, 2010 by · Leave a Comment 

Plan is part of Countrywide settlement BY IEVA M. AUGSTUMS ASSOCIATED PRESS CHARLOTTE, N.C. — Bank of America is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30% of some customers’ total mortgage […]

U.S. to increase housing loans

March 27, 2010 by · Leave a Comment 

$14 billion to help jobless owners refinance via FHA BY GRETA GUEST FREE PRESS BUSINESS WRITER The Obama administration said Friday that it would widen the reach of its home loan modification program, which could help thousands of unemployed and underwater Michigan homeowners. The Home Affordable Modification Program, criticized for its slow pace and low […]

End of US Housing Slump Likely to Be Long, Painful

March 29, 2009 by · Leave a Comment 

Like spring flowers, the “For Sale” signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures. And even the faint promise of better days ahead might not come true, given all the headwinds […]

Home Prices Continue Sharp Descent

Home Prices Continue Sharp Descent

May 26, 2008 by · Leave a Comment 

Yes thats right; housing prices continue to slump, but when will they begin climbing back up? Grab what you can while you can because prices like these will not last forever! Full Article Home Prices Continue Sharp Descent By Les Christie, CNNMoney.com staff writer Last Updated: May 14, 2008: 3:10 PM EDT NEW YORK (CNNMoney.com) […]

Foreclosures Spike 112% – No End In Sight

April 30, 2008 by · Leave a Comment 

The article below describes more in depth how severe and widespread the mortgage crisis has become. Each and every home will present an opportunity for an investor. “Detroit, which ranked sixth in the nation with 1 in every 68 households in default” Article Link More than 155,000 families have lost their homes to foreclosure this […]

Bargain hunters boost home sales in some markets

Bargain hunters boost home sales in some markets

April 18, 2008 by · Leave a Comment 

Don’t miss out on the once in a lifetime opportunity to invest in this market correction. By Stephanie Armour, USA TODAY Home prices are sinking. Banks are seizing properties from owners who can’t pay their mortgages. Yet for Amber Gilmore, the miserable housing market has never looked better. After searching for a home for more […]

US mortgage crisis may cost $945 billion worldwide: IMF

April 10, 2008 by · Leave a Comment 

More bad news for the global credit crisis and economic outlook below. Remember, someones loss is another’s gain and the time is now to capitalize on those losses. We have seen recent cash infusions for large banks like Countrywide, Washington Mutual, and Lehman Brothers alerting the global markets of faith in the financial system. Remember, […]